Breaking News Updates For Sterling Euro Rates And EU Summit

As mentioned last week key players in the Eurozone crisis have downplayed the importance of the summit to try and dampen expectations that an all encompassing solution will be announced.  At the time of writing the EU leaders are just arriving so expect some volatility on various currencies.  The summit will aim to solve the Greece problem, bank exposure, and how the EFSF will be used but I think there is likely to only be some general broad agreements on parts of the 3 issues.  Sterling euro rates have been pretty range bound in the last two weeks but if no solution is reached the Euro could drift higher against the pound and I would expect the Dollar to strengthen back with the uncertainty.  If you would like to be informed of any breaking news affecting your currency transfer then please e-mail cmg@currencies.co.uk and I would be happy to update you.